Online train ticket booking platform Trainman has raised $ 1 million in seed round of funding from marquee investors like Goodwater Capital, Hem angels and others. Angel investors such as Justin Hamilton and Ivy Growth Associates have also participated in this round.
Earlier, it had raised $250k in November 2021 from investors like Vijay Aggarwal, Nitin Gupta and Vishal Kanodia.
According to Trainman, the fresh capital will be utilised to further enhance and optimise its platform, foray reach in the flight ticket market and to increase its investment in technology and products while tapping into the growing verticals like predictive and data analytics on vast scale.
Established in 2016 by Vineet Chirania and Karan Kumar, Trainman is an all-in-one train ticket booking platform that provides a one-stop solution for booking train tickets online, for checking PNR status and predicting ticket confirmation status before booking. Trainman uses predictive analysis for accurately predicting the PNR status.
The Gurugram-based startup, which is an authorised partner of IRCTC, claims that it has successfully raked in over Rs 100 crore in annual ticket sales with over 2.5 crore visits. The company also said that it’s a profitable firm and it expects to see multifold growth in the coming years.
Trainman competes with Confirmtkt which was acquired by travel aggregator Ixigo in February last year.